Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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New shares are normally volatile
And with the amount of interest this has had will only add to it
The good thing is tho that the fundamentals are there we will see steady flow of news over the months, we’ve had 2 rns’s already
I think this will flush all the weak hands, that’s a positive, if it starts getting too cheap it will attract volume again anyway and they can double within a few days,week don’t worry about it
Zoe went from 11p to 3p in one month
Then more than doubled 3days later
One month after that was knocking on 10p again
Then started its journey look where it’s at now
The share is definitely being played....so many algorithm tiny trades ..no doubt aimed at dropping the bid
Looks to me as it is being worked in order to find a bottom...
Concerning that all those late notification of trades from yesterday just get added on, at the end of the day... a lot of sells I would imagine looking at the prices
It's an IPO thing, new kid on the block in a relatively new field etc. new products but with a worldwide distribution deal, very confusing for alot of people that normally associate these products with recreation.
Archie2001
The share price did rocket up in February ...333% in Australia ...so there has been some re-adjustment on that over-buying
The market is still trying to value what all the news means in terms of company value and share price
It is likely it will get over-sold at some point and then find its level
It is seen as a speculative growth stock , so it is difficult to know how the market is actually going to value it , at this stage
These ups and downs are kind of normal....over buy, then sell...then over sell...then buy...
Hi all,
As stated before, I'm all for this stock. The products, the clinical trials, the team they have and also the catalysts. I'm in this for the long run so I'm not selling however this current price and the daily drops are slightly worrying me. We had some really good news over the past 2 weeks with the distribution deal coming into play and the upgrade to it but it's not like this has been a small drop. It feels like the price is just doing what it wants and has no correlation to the news or companies updates. I never really invest in recent IPO's but this is an exception so I'm not sure if it's just an 'IPO' thing.
Please feel free to contribute